Category: Analysis

In this month’s Central Meteorological Administration press conference, the spokesperson said that due to severe and complex weather during the flood season, the administration “resolutely implemented the spirit of General Secretary Xi Jinping’s important instructions on flood prevention”. The CMA will provide guidance on weather risks for the coming month. In September 2023, it warned… Continue reading Xi at the weather bureau

On Tuesday, Sinograin held a procurement auction to source 26k tons of new crop corn in Xinjiang with a starting price of 2,050 yuan per ton. Sinograin wasn’t able to buy any at this price. Ahead of the harvest, farmers are more reluctant to sell corn in these procurement auctions due to expectations that prices… Continue reading Farmers hold back corn sales as price expectations rise

In August, China’s national average rainfall was 338.4mm (13.3 inches), which was 2% higher than normal. From June through August, northern China’s rainy season saw precipitation 74.2% higher than normal, and the rainy season lasted 20 days longer than normal. Heavy rainfall was mostly in the south, with Guangxi seeing its second-highest August rainfall on… Continue reading August saw record temps in Xinjiang, forecast warns of more rains for northeast

Soybeans – Shipments from Brazil to China continued to decline last week, with 1.4 million tons shipped. Based on lineup data, Brazil has shipped 69.1 million tons to China, up 2.3% year on year. There were no shipments from the US, and Argentina shipped a minimal amount. USDA export sales continue to grow. As of… Continue reading Soybean shipments to China slow, but sorghum from Brazil continues

Summary Wheat markets have remained relatively quiet post-harvest. The largest theme is the divergence in quality due to rains at harvest. Prices have been under pressure, with some provinces implementing purchases under the government’s price floor mechanism but purchased quantities have been small. Issues with the quality of wheat are supportive of imports even against… Continue reading Wheat Update – 2026-09-01

On Monday, seed producer Wanxiang Denong issued a statement saying its stock price had significantly deviated from fundamentals. Since August 17, the company’s stock has risen by 78% as retail traders in China had purchased it as part of a trade on El Niño disrupting agriculture. The company noted its main business is the production… Continue reading Retail traders bid up seed companies on Super El Niño worries

Northeast China – Temperatures in the northeast were mixed last week, with western parts of the region seeing slightly below average temperatures, and the eastern parts seeing above-average temperatures. Precipitation in most areas was 30-100% above average, with some areas seeing 100-200% more precipitation than average. From August 29-31, there were moderate to heavy rains… Continue reading Weather service issues warning of heavy rains in northern Heilongjiang

A key part of a railway line was upgraded in Heilongjiang, as part of the government’s efforts to improve logistics and increase grain production. Youbao Railway is located in Sanjiang Plain in Heilongjiang. This is in the northeast of the province, up near the border with Russia. This is a major production area for the… Continue reading Improving rail lines ahead of harvest and the lack of transportation data